Indonesia's demand for domestic textile products has increased by 20%
Business News Agency September 14 Indonesia's demand for local textiles and textile products increased by 20%. Ernovian G Ismy, secretary general of the Indonesian Textile Association, said on Thursday.
According to the Indonesian Textile Association, from June 2008 to June 2009, the local textile and textile product market share increased by 68%.
Ernovian said that domestically sold textiles and textile products reached $5.4 billion, and it can be seen in the Tanah Abang market that demand for imported garments has declined.
Imported textiles and textile products can still be seen, such as embroidery products and saree imported from China and India.
Demand for imported products is currently down 12% due to rising domestic demand for local textile and textile products. This situation is expected to continue, and the threat from imported products still exists. In addition, Indonesia has also become a target market.
From 2007 to 2008, exports of textiles and textile products in Indonesia declined, but by June 2009, they increased by 3%.
The decline in exports of textiles and textile products was due to the decline in competitiveness of products overseas, which has deteriorated due to increased competition from Vietnam, Cambodia and Myanmar. “Apparel products from Cambodia and Myanmar are improving and they are able to surpass us.”
The government can help improve the competitiveness of domestic products abroad, through incentive support, such as tax holidays, to reduce electricity prices.